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BREAKING: Weekly Jobless Claims Jump Up 73,000 to 430,000

funnything2012 Wrote: Nov 15, 2012 9:24 AM
Despite the decline, new orders rose, the first positive reading for the forward-looking component index since June. The survey of manufacturing plants in the state is one of the earliest monthly guideposts to U.S. factory conditions.

The massive shedding of jobs in light of an Obama re-election has started. Weekly jobless numbers have jumped *up* from 73,000 to 430,000 according to the Wall Street Journal. These job losses come after warning signs this week from the markets and business owners who say they can't afford to keep employees with ObamaCare and the fiscal cliff looming. Hurricane Sandy also had an effect on increasing these numbers.

Sandy drove the number of people seeking unemployment benefits up to a seasonally adjusted 439,000 last week, the highest level in 18 months.

The Labor...

Related Tags: Jobs and Economy